Whitbread
A trading opportunity for you?
Will Whitbread break support, or will it rise again to 4779p (+5.7%)?
- Shallow rising support; sideways range
- Now trading 4520p (at time of writing).
- Will the pattern repeat, the shares climbing back towards 4779p (+5.7%)?
- Shares -12.5% from 2019 highs; +1.7% from 2019 lows; -1.4% year-to-date.
- 19 Jun: Citigroup says Q1 falls short; may become takeover target
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Whitbread – An Example
Let’s say you like the Whitbread chart and you think the price is heading back towards 4779p again. You decide to buy exposure to £10,000 worth of Whitbread using a CFD, at the current price of 4520. To do this, you need £2,000.
Let’s assume Whitbread rises back to 4779p highs (+5.7%). Your profit would be £570, from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss at 2% from the current price. Whitbread falls 2% and hits your stop-loss. Your loss would be £200.
This is provided for information purposes only. It should not be taken as a recommendation.